Profit and Loss Aptitude Questions & Answers
This section focuses on "Profit and Loss" of Quantitative Aptitude. These Multiple Choice Questions (mcq) should be practiced to improve the Quantitative Aptitude skills required for various interviews (campus interviews, walk-in interviews, company interviews), placements, entrance exams and other competitive examinations.
1. If 20% discount is allowed on the marked price then the profit is 40%. If the discount is increased to 40%
then what will be the profit percentage?
selling price= 140%;
marked price = 140%
40%discount in mp= 175 *60/100
new profit%= new sp-cp/cp *100
2. On selling 9 pens at Rs. 360, there is a loss equal to the cost price of 3 pens. The cost price of a pen is:
Explanation: CP of 9 pens - Sp of 9 pens = Cp of 3 pens
Cp of 6pens = Sp of 9 pens = 360
Cp of 6pens =360
CP of 1 pen= 360/6= 60.
3. Reeta buys an old cycle for Rs.2500 and spends Rs.300 on its repairs. If he sells the cycle for Rs.3200,
his gain percent is?
Explanation: Profit Percentage = Profit / cost price x 100
Cost price = 2500+300 = 2800
Profit = sp-cp
Profit percentage = 400 / 2800 x 100
4. kalyan bought 16 types of rava of certain rupees. After a week, he sold 6 types of rava at 20%profit,
6types of rava with neither profit nor loss and 4 types at 10%loss. In this transaction, what is the profit %?
Explanation: Let CP of 16 types =x
CP of 1 type= x/16
Sp of rice 20%=6x/16+6x/16*20/100=9x/20
Spof rice without profir or loss=6x/16=3x/8
Sp of rice at 10% loss= 4x/16-4x/16*10/100=9x/40
Total seling price=9x/20+3x/8+9x/40 = 42x/40
now profit%= [42x/40-x]/x *100 => 5%
5. A car worth Rs.2,50,000 is sold by usha to nandhini at 10 % profit. Nandhini sells the car back to usha at
4% loss. Then in the entire transaction total gain by usha is?
Explanation: Money spent by usha = Rs.2,50,000
Money received by usha = 110% of Rs.2,50,000 => 2,75,000
Cost price to usha = 96% of Rs.2,75.000 = Rs.2,64,000
Therefore usha gains Rs(2,75,000 – 2,64,000) = Rs.11000
6. An product is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12
1/2% on it. The cost price of the product is
Explanation: Let the cost price of the product = Rs. x
S.P. at 10% loss
= x×90/100= Rs. 9x/10
S.P. at 12 1/2 % gain
x × (100+12 1/2)/100 = Rs. 225x/200
9x/10 + 9 = 225x/200
180x + 1800 = 225x
x = Rs. 40
7. Find the single discount equivalent to a series discount of 40%, 20% and 10%
Explanation: Let marked price be Rs 100
Then net selling price = 90% of 80% of 60% of Rs 100
= 90/100 *80/100 *60/100 *100
= Rs 43.2
Required discount = (100 – 43.2) % = 56.8%.
8. Kabi buys wheat at Rs. 15/kg and puts a price tag on it so as to earn a profit of 10%. However, his faulty
balance shows 1000 gm when it is actually 900 gm. What is his actual gain percentage?
Explanation: CP of 1000gm = Rs. 15
SP of 900gm = Rs. 16.5
SP of 1000gm =16.5x1000/900 = Rs. 18
Now take 1000gm as reference to calculate profit.
Profit % = 3x100/15 = 20%
9. A dealer allows a discount of 40 % on the marked price to the retailer. The retailer sells at 10% below the marked price. If the customer pays Rs.38 for an article, what profit is made by the retailer on it?
Explanation: Let dealer marked price = 100%, Retailer's C.P = 60% And the retailer sells at 10% less than the marked price =>S.P = 90% If S.P of 90% of the retailer costs Rs.38 to customer, So its C.P of 60% will cost 60*38/90 = 25 Profit made by the retailer = 38-25 = Rs.13
10. Kumaran stores offered 60% discount on the marked price and there is a loss of 30%. If it is sold the MP,
find the profit percentage?
Explanation: MP= Rs X
Sp= 40/100*x= 2x/5
Profit when sold at MP= x-4x/7 =3x/7
Profit% = (3x/7)/(4x/7)*100=75%